Economics

Armenia-USA

Armenia officially opens its first AI factory

Armenia-USA

June 02, 2026

Built on NVIDIA Blackwell B300 technology, it is the first AI factory in the South Caucasus. The project envisages total investment of $120m.

Armenia-Russia

Pressure from Russia on Armenia ahead of elections: economy as tool of influence

Armenia-Russia

May 29, 2026

Experts say the pressure is temporary, but Armenia’s dependence on the Russian market has made it possible and highlights the need to diversify economic ties.

Armenia-Turkey

Armenia gains access to rail connections through Turkey: what to expect

Armenia-Turkey

May 25, 2026

“The Akhalkalaki–Kars railway is now open for exports from Armenia and imports into Armenia,” Prime Minister Nikol Pashinyan says. Economist Aghasi Tavadyan explains what this could mean.

Nikol Pashinyan

Pashinyan comments on gas prices, recent assault and exposing agents as key election looms

Nikol Pashinyan

May 22, 2026

Pashinyan decided not to break tradition and invited journalists to his weekly press conference, despite being on leave due to the election campaign

From Baku to Africa: what could Azerbaijan’s mining partnership with Eswatini bring?

Azerbaijan

May 22, 2026

The mining cooperation memorandum is being viewed as the beginning of a new phase in Baku’s policy towards Africa.

How a Russian village lives after all the men went to war: million-ruble debts at grocery stores, bears roaming the streets

Eastern Europe

May 21, 2026

In Russia, the first settlement has been officially awarded the title “Village of Military Valor.”

Unemployment falls in Georgia, but labour market challenges remain

Georgia

May 20, 2026

In the first quarter of 2026, Georgia’s unemployment rate fell by 0.3 percentage points compared with the same period last year, reaching 14.4%.

BTK railway line and Baku–Tbilisi train resume operations - what does it mean for South Caucasus?

Azerbaijan-Georgia

May 20, 2026

The resumption of the Tbilisi–Baku service after a six-year break signals the effective return of the BTK railway line to full operation.

‘Use longer and give new life’: introducing circular economy in Armenia

Armenia

May 15, 2026

Its goals are mainly environmental, but the model also promises economic benefits.

Armenia welcomes Turkey move to lift bilateral trade ban

Armenia-Turkey

May 13, 2026

Turkey lifts ban on direct trade with Armenia. Preparations have been completed, while previous trade had to go through third countries.

Black rain over the Black Sea: How the Russian city of Tuapse is struggling to cope with the consequences of Ukrainian attacks

War in Ukraine

May 12, 2026

What is happening in Tuapse — and how local residents are trying to mitigate the environmental consequences.

Who in Georgia will lose social benefits? Government changes rules for unified welfare database

Georgia

May 08, 2026

For example, families will lose social benefits if their monthly income reaches or exceeds $463 per family member.

$85bn despite falling oil revenues: how will Baku manage its growing foreign currency reserves?

Azerbaijan

May 08, 2026

The growth came against the backdrop of a weakening oil and gas sector, falling exports and declining direct oil and gas revenues of SOFAZ.

Georgia’s National Bank raises refinancing rate to 8.25%, making loans more expensive

Georgia

May 06, 2026

The National Bank linked the move to escalating tensions in the Middle East, which it said had driven up energy prices and increased inflationary pressures.

'This will lead to cartel deals' – Opinion on measures to cut supermarket prices in Georgia

Georgia

May 05, 2026

Former economy minister Giorgi Kobulia said plans by supermarkets to create an essential goods basket will lead to a worsening of the price situation.

Pressure grows on South Ossetian leader Alan Gagloev amid accusations of theft, restrictions and self-isolation

South Ossetia

May 02, 2026

Former lawmaker claims president and entourage misused about $20 million in preferential loans provided by Russia

Opinion: What’s behind Armenia’s economic growth figures?

Armenia

May 01, 2026

Economy Minister Gevorg Papoyan posted figures on Facebook that appear to signal an economic triumph. Economist Suren Parsyan explains what is driving these results.

Abkhazia disputes who sets utility tariffs amid local backlash

Abkhazia

May 01, 2026

The government’s bid to take over tariff policy has met with resistance from local authorities — city and district assemblies.

US company Aspect Georgia LLC to begin oil and gas extraction in Georgia

Georgia-USA

April 29, 2026

The company plans to invest $70 million in the project.

US–Iran conflict boosts Azerbaijan as Trans-Caspian demand surges fivefold

Azerbaijan

April 28, 2026

A meeting in Baku of prime ministers from the Organization of Turkic States, followed by visits from Kazakhstan’s prime minister and foreign minister, gave institutional shape to this new reality.

Georgia’s fuel exports jump sevenfold in Q1 2026 on Russian oil influx

Georgia

April 21, 2026

All crude oil imported into the country came from Russia, with its total value reaching $118m in the first quarter of 2026.

'Armenia as a bridge to Europe' — deputy foreign minister speaks at forum in Turkey

Armenia

April 20, 2026

Vahan Kostanyan joined counterparts from Turkey, Azerbaijan, and Georgia in Antalya for a panel discussion on the South Caucasus as an emerging strategic hub

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